508 Jefferson St UNIT 102RaleighNC27605
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Raleigh at 508 Jefferson St UNIT 102, Raleigh, NC, 27605 generates $2,050/mo in rent, after a $3,059/mo payment. Total monthly income is $2,050/mo. Return on cash invested sits at 9.79% in year one, and rental yield is 3.94% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 48.44% and total cumulative return in cash sums $99,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,050/mo property income rather than buyer’s personal income.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27605, Raleigh, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,781 (100%) |
| Owner Occupied HU | 1,112 (29.4%) |
| Renter Occupied HU | 2,384 (63.1%) |
| Vacant Housing Units | 285 ( 7.5%) |
| Median Home Value | $698,153 |
| Average Home Value | $733,824 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
1,739
Multi-Family
2,450
Businesses
704
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Listed by: David Wilson • Carolina's Choice Real Estate
Mls Name: Doorify MLS
Mls ID: #10141972